Market Insight: Top Predictions For Smart Buildings In 2023 And Beyond

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Executive Summary

This report explores key trends that will impact the smart building space in 2023 and beyond, such as the effects of sustained hybrid working and global economic turbulence. Verdantix assessed competitive dynamics, innovation trends and corporate strategies impacting different segments across the smart building market over the previous year. The report discusses eight of the most significant developments expected to influence real estate and technology vendors this year and beyond. 

Table of contents

Top Predictions For Smart Buildings In 2023 And Beyond

About the authors

Ben Readman

Analyst, Smart Buildings

Ben is an Analyst in the Verdantix Smart Buildings practice. His research agenda currently focuses on new strategies for corporate energy management and future trends in carbon offsetting markets. Ben Joined Verdantix in 2021 having previously worked as a researcher at CECAN. He holds a Masters in Environmental Strategy from the University of Surrey and a BA in Geography from the University of Birmingham.

Ben Hext

Industry Analyst

Ben is an Industry Analyst in the Verdantix Smart Buildings practice. His current agenda covers hardware and software solutions for energy management, on-site power generation, and COVID-19 mitigation management. He holds an M.Eng in Mechanical Engineering from Durham University,

Joy Trinquet

Senior Analyst

Joy is a Senior Analyst in the Verdantix Smart Buildings practice. Her current research agenda focuses on building digital twins, BIM for operations, smart building systems integration as well as architecture, engineering and construction software. Joy joined Verdantix in 2019, and previously worked at BNP Paribas Asset Management. She holds a bachelor’s degree in economics with a concentration in policy as well as dual minors in computer science and business studies from New York University.

Amelia Feehan

Industry Analyst

Amelia is an Industry Analyst in the Verdantix Smart Buildings practice. Her current research agenda focusses on IoT platforms to improve building performance. Prior to joining Verdantix, Amelia worked as a façade engineer at Arup where she gained experience in sustainable building design and building information modelling. She holds a MEng in Civil, Structural and Environmental Engineering from Trinity College Dublin.

Sandy Rogers

Principal Analyst
Sandy is a Principal Analyst in the Verdantix Smart Building practice. Her research agenda focuses on the intersection of IT and OT digital strategies and technologies, including the IoT landscape.  Sandy’s experience prior to joining Verdantix included work as a research director and technology industry analyst in IT service technologies and operations at Forrester, and at IDC covering software, vertical markets, and Web services. She has worked in competitive research and strategy consulting at Fuld & Company and developed research for thought leadership at Deloitte. Sandy holds a Business Degree in Marketing and Management Science from the University of Rhode Island. 

Justine Bornstein

Research Director, Smart Buildings
Justine is the Research Director of the Verdantix Smart Buildings practice. Her current research agenda focusses on digitisation, decarbonisation and optimisation across the built environment. Prior to joining Verdantix, Justine worked at Deloitte as the research lead covering transport, energy, industrial and public sectors. Justine holds a Ph.D. in Economics from Nagoya University in Japan. 

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